Cofinity-X collaborates with BMW group to implement business partner data management use case

Key results of the Cofinity-X consultation phase for the BMW Group

Data standardization and onboarding process:

BMW Group supplied initial business partner datasets, which Cofinity-X meticulously processed using the Golden Record method. This process involved cleaning, updating, and standardizing the data to ensure accuracy and consistency. The refined data was then returned to BMW Group, demonstrating the reliability and accuracy of the Golden Record process.

Structured data waves:

During the initial onboarding phase, implementation occurred in seven structured waves, each focusing on specific data areas, such as debtors, creditors, and regional datasets for the EU and the Americas. This incremental approach enabled targeted verification and extensive testing of multiple data sets.

Cofinity-X and BMW Group teams held regular meetings to review changes made to the initial data. This collaborative effort ensured continuous improvement and alignment with BMW Group’s data management requirements.

Infrastructure testing:

Additionally, during the onboarding process, massive load tests were successfully conducted to verify the robustness of the system. These tests confirmed the system’s ability to efficiently handle large volumes of data.

Key benefits of the Business Partner Data Management (BPDM) implementation

✔ Elimination of data redundancies

The Golden Record process significantly reduces data redundancies, simplifying data management.

✔ Improved data accuracy

Standardized data formats and unique identifiers ensure high data accuracy and integrity.

✔ Improved regulatory compliance

Standardized data supports BMW Group in meeting various regulatory requirements, improving overall efficiency.

✔ Operational efficiency

Seamless data integration and processing enhance data management for BMW Group business partners, leading to time and cost savings.

Statements from key stakeholders

Oliver Ganser, BMW Group:

“A transformation from many individual efforts to one strong industry community- ultimately with reduced efforts for everyone.
Further, it also results in more stable follow-up processes like logistics, finance, compliance, purchasing, sustainability. 
I want to thank the Catena-X consortium, the dedicated work of the BPDM team and the BMW team to bring all this together for us and the entire Catena-X Community and Cofinity-X!”

Thomas Rösch, CEO of Cofinity-X GmbH:

“Our Golden Record service leverages artificial intelligence and autonomous data sharing to reduce costs and meet the complex regulatory requirements of the automotive industry. We are grateful for the successful collaboration with BMW Group and look forward to providing operational benefits to all members of the Catena-X network.”

Future perspectives:

Looking ahead, Cofinity-X and BMW Group plan to expand BPDM capabilities by incorporating artificial intelligence to predict and mitigate potential disruptions in real time. More use cases are being implemented, including solutions for decarbonization, seamless parts traceability, and a circular economy for a sustainable supply chain.